the top on every vertical already powered by jfrog. you are already familiar, and you heard why, where software is around the world. i claim every company is a dev ops company. it is not the question of if. it is more a question of when. because the competitive advantage of the organization today is how fast they can engage with their customers. and of ops helps you to build faster, more secure, and develop rapidly so you can have software updates happening on the edge several times a day. this is our mission. this is what we call liquid software as a vision. software should run like water. emily: liquid software. that's a new one. i hadn't heard. i will remember that. jfrog cofounder and ceo shlomi van hein, they queue for joining us. still ahead, bill mcdermott on the company's focused on ai and automation. theinsight as one of leading tech execs in silicon valley next. this is bloomberg. ♪ ♪ it has to be 100% as far as national security is concerned. no, i'm not prepared to sign off on anything. we need security. especially after wh

ceo and cofounder of jfrog. gains that it had yesterday. stay with us. for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. with the icon that does the same. the rx, crafted by lexus. lease the 2020 rx 350 for $409 a month for 36 months. experience amazing at your lexus dealer. guys! guys! safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! safe drivers do save 40%. click or call for a quote today. >> and welcome back to cavuto coast the coast. a story now on housing. an estimated one million americans are past due on their mortgage by at least 30 days and face losing their homes in the new year all because they're unaware that they actually qualify for help under a relief bill that congress passed in march. of that 100 million -- or of that million, 680,000 have federally-guaranteed mortgages, and that's imp

>> jfrog is a dev ops company. we're focussing on a mission we call liquid software we're taking care of software updates all over the world, making sure that software updates are flowing seamlessly from the developer's fingertips all the way to the end user. you might call it a dev ops company. this is how we practice software updates all over the world >> and how will you be using these proceeds, any interest in acquisitions or continuing to invest in the business >> not sure that i'm hearing >> curious what your direct plans are with the proceeds from this, if you're interested in acquisitions or investing the business what comes next after this ipo >> oh. so what comes next, first of all we have to go back to the swamp and work and work hard and unfortunately enough for us we have an amazing team of over 600 frogs in 14 different countries and 10 different offices we call the swamp. the frog is focussing on providing software developer tools from developers to developers and to support the community which we ca

one of the things we did this week, we had jfrog and sumo go public. travel to new york to celebrate with us there. we hosted an opening bell ceremony in silicon valley on wednesday and thursday morning, ringing the bell at 6:30 a.m. thank goodness, the smoke cleared up and we were able to get cool temperatures. it was an amazing celebration with both companies. emily: there's a lot of confusion still going back and forth about the tiktok situation. the one thing that has been reported is that bytedance, the chinese owner, if a deal happens, would plan to take a u.s. tiktok company public next year. what is your take on that? jeff: we deal with companies from around the globe on the nasdaq, including many chinese companies. there has been a lot of discussion around that that we have been having with the sec, with the regulators, to make sure we have clean, well lit environments for those companies to come to market. as long as the companies are qualified to list, we will be happy to have them. emily: how long do you think the ipo window is open for bus

jfrog got a leap, see what i did there? it got a leap on snowflake.uous software release management giant coming right now at about 69, $70 a share. it was priced at 44. came out the gate a lot higher than what you're looking at right now. nevertheless that was ratcheted up from 38 to 40, then to 44. now as i say, around $68 a share. now that would sal you the company, at 44 would value it $4 billion. doing the math ahead, another 50% gain, that is a 6 billion-dollar company like that. whether that portends anything positive for snowflake we shall see. this is again part of this pent-up demand for a lot of these offerings that had been put back or sort of delayed because of covid, a host of other issues, market-related issues. i understand snowflake is open. do we have anything to show for it? melinda? snowflake opens up right now. look at that! $276 right now, a gain of 130%. that might explain why it was just halted obviously. it is, you know, a mad rush. this was, you know, the database cloud software firm that was originally going to price its sha

very -- unity software very closely, it continues a theme of snowflake and jing frog among them -- jfrog among them this week. as stuart was pointing out, it's really a video game software provider here. it's a lot more than that, but it does everything, it could translate to any business. over my comprehension. the price around $32-42 a share, they wrapped it up 48-ooh 50, it launched today around 77. around, you know, in that roughly about $1.8 billion offering here where the valuation of the total company, if you extrapolate that out, you're getting well into the $13 billion neck of the woods. so a very, very big development here. jackie deangelis is following it. this is kind of the rule of thumb, the vast majority have been of that ilk. but again much will have to change, and we'll see in the next few hours. not a bad launch. what are you hearing, jackie? >> not a bad launch at all. it came public under the ticker symbol u, neil, and it's trading higher by 35%. opening trade was $75 a share when it priced at 52. this is remarkable because the whisper number last week on the low edge

mar michael, thank you >>> the likes of snowflake, jfrog and amwunity. >> jfrog popped to just around a share. analysts contend it's the most expensive name in all of technology, snowflake, indicating that it will trade next year at the highest sales, even more than zoom. sumo logic, lemonade are down 6 or 7%. the selloff comes as many high-profile companies are set to sell off in the coming week said to be london's biggest ipo in seven years, and reports indicate that alibaba is lookin to top its financial offering which would top the ipo over the last year, so it has certainly taken a global theme the last couple weeks, kelly. >> as we saw last week, the ipo was doing poorly the dow is down three weeks in a row right now, but here comes snowflake off to the races will all the ipos be assured of similar performance, and if so, we should take that as a cautionary sign, or not? ultimately do these market forces mean a kind of discipline >> it certainly rejuvenated ith ipo market, and even when we saw these big tech companies like facebook and amazon roll over, these ipos performed pret

that gain doesn't account for those companies we saw go public this week, unity, sumo logic, jfrog andwflake which doubled in its first day of trading. to put that into perspective, it's market cap is roughly that of goldman sachs, one of its underwriters, right now. jack: just because that stock doubled on day one, retail investors actually didn't make any money. >> exactly. so there's often that confusion between the offer price the night before and the opening price. that's what the retail investors are buy, they're buying that opening price. but, you know, with a lot of these tech stocks already running up, there are investors that are looking for a gain. they might not get it much more. peloton and some of these stay at home games, it's that lottery ticket type deal that they're hoping they can continue to advance. jack: exactly. al, you love industrial stocks. you're our mundane business reporter. so tell me why, with all this e-commerce excitement, fedex was actually the one that blew away earnings? >> i take exception to that. nothing about industrials is mundane. well, very si

lauren, why don't you tell me what jfrog does.y maintain apps for customers including netflix and google. so they're constantly updating the app infrastructure. ipo yesterday on day one, yeah, shares climbed 47%. now they're down a bit. they're at 64 and change. but their ipo price was $44. still up this week. huge for ipos hitting the tape today. these stocks have not started trading yet. you had a telehealth company amwell priced above the range and cloud management company, sumo logic stronger than expected. we're talking another at least 8 1/2 billion dollars will be raised in ipos. this year? 40 billion. this is a strong part of the market. investors are hungry for growth and alternatives. stuart: demand is very strong. people want to get into the brand new industries and technologies. these ipos give them a way in. thank you, lauren. susan. susan: yeah? stuart: you've been digging into the ipos. what is on deck? susan: we heard lauren tell about sumo logic. unity software getting into the game, priced well above their indica

we will talk to the committee after it hopes for trade at the nasdaq also celebrating an ipo it's jfrogovider of continuous development release management software. we will talk to both ceos later this morning on "squawk alley. snowflake will be a big talker for us today, the berkshire involvement, the pricing power in terms of where they are coming to market, the valuation on revenue pretty much got to look far and wide for something that rich at the open at this scale. >> there isn't it will be the richest, highest valued ipo we have ever had. now, frank is putting up numbers that are just amazing, triple digit and the market is struggling, struggling to figure out how to value this, so why not give it -- they're saying, listen, if zoom is 50 times sales we have to make this a little bit more. you get stock on the opening and then you buy -- you get stock in the deal, you buy stock in the opening, get a good bases, but frank has put together a company that makes it so you can have analysis in the cloud like no other. a threat to amazon in that way the other day we saw bob pisani talk

snowflake opened at 245 and that's the reference price essentially, it's below that jfrog opened at 72it's also trading below that sumo logic opened i think 26.64 so just a little bit below that right now. all three of them are essentially above the opening price which is the one that matters for your average retail trader the big money tends to be made on the first day of trading by the institutional investors who bought in the day before this is an ipo truism, folks working here as well finally i want to note today on "power lunch" tyler matheson and i will have an interesting discussion with one of the experts on active management, with he like to debate this all the time, active versus passive management, the chief research officer at buckingham wealth partners, on why active management still does not joe put perform, the book goes through the academic research on stock picking and basically concludes it doesn't work. market is highly efficient, too much capital chasing performance and the dumb money is shrinking. he will talk about why warren buffett was successful and why the rob

all right, folks, snowflake, jfrog, they're lower today but golly they had some monster debuts and that step the ipo market where a lot of folks are looking to cash in but there is actually something hotter, right? there is a new investment tactic on wall street and it is the spacs. how can you make money on them? that's next. ♪ ♪ this was the theater i came to quite often. the support we've had over the last few months has been amazing. it's not just a work environment. everyone here is family. if you are ready to open your heart and your home, check us out. we thought for sure that we were done. and this town said: not today. ♪ leading armies to battle?, and this town said: not today. was that your great-aunt, keeping armies alive? drafting the plans. taking the pictures. was it your family members? who flew. who fixed. who fought. who rose to the occasion. when the world needed them most. (♪) find and honor your ancestors who servered in world war ii. their stories live on at ancestry. charles: breaking right now, president trump speaking at the white house conference on american his

jfrog does software updates. soft wares does 3-d game sumo logic, they show how customers interact with companies' web sites big help for the market is the existence software ipos that have done well people can zoom info, all of them are up. that's a real big help finally just on snowflake, guys, can i point out, 120 is not the price. 245 is where people were buying it it traded as low -- i saw 232 trade several? it's above that right now, but you can see we were trading between 232 and $319 this has a $70 billion market cap. okay, but that's pretty crazy numbers to trade in between. remember, below 245, a lot of people are losing money who bought early back to you. >> that's a great point. for such a big market cap. we'll see you shortly, bob. >>> we're about five minutes away from the fed's latest rate decision we'll have a quick break don't no anywher te,he fed call of the day in a couple minutes' time when i was in high school, this was the theater i came to quite often. the support we've had over the last fe

i want to show you this, a long list of unicorns hitting the market, snowflake, jfrog, potentially raising other year including the tech bubble years of '99 and 2000. why is palantir so hot? its data helps businesses make smarter decisions. that is what everybody wants to do. it has revenue growth, not to mention stable sources of income coming from government clients. it is controversial, in silicon valley, main street, wall street, it moved its headquarters from silicon valley to denver. it surveillance helps track immigrants at the border. it is structure so rare, allow cofounder peter thiel allow more control than anyone else essentially forever. investors didn't accept that with wee work but seems they're willing to accept that now. after all, charles, it is 2020. anything goes. charles: peter thiel has got a pretty good track record too. >> he does. >> lauren, thank you very much, appreciate it. i want to bring in the ceo of ladenberg thalmann asset management fill blancato. this means less call street involvement. they can sell stock insiders on the first day of trading. how does th

coming from some of these late stage private companies that have recently become public, we think about jfrogxt week, we're investors in unity that's another one that that piece is going to be -- that is the golden opportunity here ultimately for investors as you think about your tech portfolio is really how does the average investor ultimately get a piece of that late-stage piece, those late-stage companies that ultimately will become the next faang. because what's worked in the past won't work in the future. >> so, gene, the flip side of this is do you think that there is real regulatory pressure that could create a challenge to an apple given what we're hearing >> the simple answer is that this is going to be -- there will be some form of pressure on apple shares re lated to the multiple because of this all the big tech companies will be part that have conversation tim cook recently has said they have less risk because their goal is to make the world's bess products and by definition when you have the best products it's difficult to have high market share which puts you at risk for regulat

very -- unity software very closely, it continues a theme of snowflake and jing frog among them -- jfrog it does everything, it could translate to any business. over my comprehension. the price around $32-42 a share, they wrapped it up

then you also had the unity software, 3-d gaming software, up 44%, jfrog up similar levels, did prettyd feedback loop which means day a traders on this new trading app, a because retail investors, you don't get a lot of access to ipo stock supply, and the only way you do is when it becomes public for everyone to trade. so when there's so much demand, limited supply, that's why you have these huge day one surges. stuart: these are the industries and companies of the future. >> software. stuart: investors want to get in over the long term. >> even you understand cloud now. stuart: i do, indeed. alexandria ocasio-cortez calling on new york governor cuomo, hey, raise taxes in new york state and new york city. coming up, i'm going to talk about the demise of the cities and the heft arists that are killing them -- leftists that are killing them. >>> listen to this, california governor newsom, the sale of new gas-powered cars stops in 2035, how on earth does that work? we're into it. and is that good for elon musk? right now tesla's valued at more than the entire japanese car industry. good l